# **`REGISTERED COMPANY NUMBER: 01856580 (England and Wales) REGISTERED CHARITY NUMBER: 515903`** ## **`THEATR NA N'OG`** ## **`REPORT OF THE TRUSTEES AND`** ## **`FINANCIAL STATEMENTS`** ``` FOR THE YEAR ENDED 31 MARCH 2023 ``` ``` Carr, Jenkins & Hood Oystermouth House Charter Court Phoenix Way Swansea Enterprise Park Swansea SA7 9FS ``` ``` CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ``` ## **`THEATR NA N'OG`** ||**`Page`**| |---|---| |**`Report of the trustees`**|`1 to 8`| |**`Independent examiner's report`**|`9`| |**`Statement of financial activities`**|`10`| |**`Balance sheet`**|`11 to 12`| |**`Cash flow statement`**|`13`| |**`Notes to the cash flow statement`**|`14`| |**`Notes to the financial statements`**|`15 to 28`| ``` THEATR NA N'OG (REGISTERED NUMBER: 01856580) ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report withthefinancialstatementsofthecharityfortheyearended31March2023.Thetrusteeshaveadopted the provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of Ireland (FRS 102) (effective 1 January 2019). ``` ``` The report of the trustees also incorporates a directors' report as required by company law. ``` ## **`Objectives and activities`** ## **`Objectives and aims`** ``` The objectsof the charityare to producetheatreproductionsfor youngpeople.The charitywill also tour productions regionally, nationally and internationally to broaden its audience base. ``` ``` Thecharitybelievesthatchildrenandyoungpeopledeservetoexperiencetheatreof thesamehighartistic standard and aestheticvalue as theatreaimed at adults,by creatinghigh qualitytheatrethat is powerful,inspiringand relevant to all ages, bringing to life authentic stories of ordinary people who achieve extraordinary things. ``` ``` Its aims are to: ``` - `Inspire by producing bilingual theatre that captivates the minds and imaginations of audiences across Wales` - `- and beyond.` - `Invest by being a resilient and innovative company who are positioned to lead in the promotion and` - `celebration of home-grown talent, showing the best the creative industry in Wales has to offer.` - `Influence by creating theatre that has a purpose and reflects the evolving nature of our society.` ``` By achieving these aims the organisation makes it a vital component in the arts sector in its region and in Wales. ``` ## **`Significant activities`** ``` The charity'smainobjectivescontinuedto be the promotionof theatreforyoungpeoplein ourthreeauthorities but with an intentionto tourproductionsto a varietyof age groupsand beyondour traditionalarea.Fourkey areas were identified for specific attention: ``` - `to raise the charity's profile locally and nationally;` - `to increase production and performance weeks;` - `to promote our touring productions in Wales and the UK; and` - `to allocate a percentage of funds for research and development on future productions.` ``` Strategiesforachievingtheaimsandobjectivesarethroughtheartisticplanwhichisopenlyconsulted with stakeholders, which informs the charity's activities. ``` ``` Thecharitymeasuresitssuccessthroughaudiencenumbersandparticipants.Italsoregardscriticalappraisal from peer groups and funders. ``` ``` Significantactivitiesundertakenin this financialyear were 3 productionsand an internationalprojectwith 3 European countries.The charitybroadenedits reach to new areas in Wales with its new initiativeGoleufa/Beaconwhich will see itsannualautumnproductionperformatTheatrBrycheiniog,enhancingaccessibilityforyoungaudiencesin Powys. The organisation also applied for 3 year funding from the Arts Council of Wales. ``` ``` 1 ``` ## **`THEATR NA N'OG (REGISTERED NUMBER: 01856580)`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`** ## **`Objectives and activities Public benefit`** ``` Thetrusteesofthecharityarecommittedtoprovidingapublicbenefit,andhavetakenintoaccountthe Charity Commission's guidance in this area. ``` ``` Forthemanymembersofouraudienceswhocomefromdeprivedcommunities,TheatrNaN'og'sethoshas always beentoinspireandencourageambitionandaspiration,tobelieveinoneselfanddaretodream.Thisiswhat makes our work so effective at igniting young imaginations and appealing to people from all backgrounds. ``` ``` Throughourexpertiseinworkingwithbothschoolsandtheatrevenues,we havedevelopeda unique understanding of how to bridge the gap between the generations, in order to achieve a truly shared experience. ``` ## **`Volunteers`** ``` Thecharityalsorecognisesthesignificanceofvolunteersforouractivities.TheYoungAssociatesandvolunteers for specificevents.They alsocontributeto the discussionon policiesandstrategiesto engagewiththe wider community and under-represented groups in the sector and society. ``` ``` 2 ``` ## **`THEATR NA N'OG (REGISTERED NUMBER: 01856580)`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`** ## **`Achievement and performance Charitable activities`** ``` ItcannotbeunderestimatedtheeffecttheCOVID-19pandemichashadontheorganisation,asitsaw restrictions easingtheorganisationpreparedtoreturntoliveproductions.However,duetotheuncertaintyofthevirus the charity has adopted a hybrid working policy. ``` ``` The priorities have remained the same as the organisation adapts to a new way of working. ``` - **`Support teachers & young people`** `by creating projects and content that could be delivered online whilst young people were at home` - **`Support the network of freelance professionals.`** `Theatr Na N'og aims to support freelance artists and venues in Wales, as they navigate their way through these uncertain ti mes, by creating projects that would support them financially and creatively.` - **`Support the venues in Wales`** `by creating content for them to deliver online to maintain their audiences.` ## **`Erasmus+ - Unpacking Feelings`** ``` TheorganisationcontinueditsinternationalcollaborationbetweentwoWelshMediumschoolsinSwansea and partnersinMalta,CyprusandSpain.Theprojectcreatedresourcesthatusea rangeof creativeartsmediato engage pupilsinexpressingtheirfeelingsintheirsecondlanguageaspartoftheirrecoveryfromthenegativeimpact of COVID-19. ``` ## **`Operation Julie`** ``` A co-productionwithAberystwythArts Centre,whichtoldthe storyof the famouspoliceoperationthattookplace in WestWalesin1975-1977whichmanagetoundercover,atthetime,theworld'slargestLSDmanufacturer. This original play with a 70's prog-rock soundtrack will tell the incredible story of Operation Julie. ``` ``` The productionperformedat AberystwythArts Centre,TheatrBrycheiniogand The Lyric,Carmarthen,with audiences of 6,792 and 94% capacity. ``` ## **`The Trial of Elgan Jones`** ``` The company'sannualschoolproductionat the DylanThomasTheatrein Swanseawas presentedin the Autumn. The projecthadanadditionalweekatBreconMuseumaspartofapilotprojecttoexpandtheorganisation's audiences anditspartnerswithTheatrBrycheiniogandBreconMuseum.Thenumberofchildrenwhosawtheproduction was 3,635. ``` ## **`Wallace 200`** ``` As partof the charity'spartnershipwith the BritishCouncil,the companypresenteda performanceof Wallaceas part of the 200thbirthdayanniversaryat Usk withworkshopsat the localprimaryschool.It was performedto 300 people with additional workshops at Usk Primary School with 90 children participating. ``` ## **`Other`** ``` The organisation performed to 10,817 audiences in this financial year. ``` ``` The charity surpassed its expected audience and financial targets. ``` ``` Theorganisationhasmaintaineditsmainfunder-theArtsCouncilofWalesandhasbeensuccessfulin achieving fundingforitsproductionofOperationJulie.Inadditiontothecoregrants,furthergrantfundingwasawarded of £102,484 (2022; £37,871) together with donations totalling £24 (2022; £957) received from the public. ``` ``` 3 ``` ``` THEATR NA N'OG (REGISTERED NUMBER: 01856580) ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`** ## **`Financial review`** ## **`Financial position`** ``` Thecharitycontinuestoreviewitsincomebaseandcostbase,withaviewtoconservingresources.During this financial period, resources have increased in line with budgetary forecasts. Reserves remain at a satisfactory level. ``` ``` Thecharityhasseenanincreaseinmaterialcostsandintravelandaccommodationcostsdirectlyimpacting on productioncosts of the organisation.Energycosts have alsorisenandthishas alsoimpactedon the core fundsof the organisation. ``` ``` Certainfactorswhichcouldaffectfuturefinancialperformancewillbetheincreasedcostsoftransporting audiences tothecharity'sperformances,particularlyschoolchildren,whichcouldpotentiallyresultinfeweraudience numbers and income. ``` ``` Totalincomingresourcesfortheyearamountedto£616,018(2022;£454,300).Resourcesexpendedamount to £582,217 (2022; £447,538). The net surplus for the year is £33,801 (2022; £6,762). ``` ``` The net reserves at the balance sheet date are £507,398 (2022; £473,597) of general funds. ``` ## **`Principal funding sources`** ``` ThecharityhasmaintaineditsannualrevenuefundingfromtheArtsCouncilofWales.Inthisfinancialyear the organisationhasappliedforfuture3yearfundingfromtheArtsCouncilofWales.Thedecisionwillbemade in September 2023. ``` ## **`Investment policy and objectives`** ``` Thetrusteesconsiderthemostappropriatepolicyforinvestingsurplusfundsisinshorttermdepositaccounts to maintain cashflow liquidity. ``` ## **`Reserves policy`** ``` Thetrusteesarepleasedtoreportthatthegeneralreservesremainpositiveattheendofthisfinancialyearand the charitywillbecontinuingthisplatforminthenextfinancialyeartomaintainthestrengthofitsreserves.The charity hassetminimumlevelsofreservesthatitwishestomaintaininordertosee outitsshorttermcommitments. These have been set at £125,000whichshouldensurethe charitycontinuesfor twelve monthsin the event of the loss of all incoming resources. ``` ## **`Going concern`** ``` Aftermakingappropriateenquiries,thetrusteeshaveareasonableexpectationthatthecharityhas adequate resourcesto continuein operationalexistenceforthe foreseeablefuture.Forthisreason,theycontinueto adopt the goingconcernbasis in preparingthe financialstatements.Furtherdetailsregardingthe adoptionof the going concern basis can be found in the Accounting Policies. ``` ``` 4 ``` ``` THEATR NA N'OG (REGISTERED NUMBER: 01856580) ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`** ## **`Future plans`** ## **`Just Jump`** ``` Arevivalofouraward-winningproductioncommissionedbyCardiffHarbourAuthority,AssociatedBritishPorts and Culture Step by Arts and Business Cymru. The production will be performed at the Norwegian Church in Cardiff. ``` ## **`The Butterfly Hunter / Heliwr Pili Pala`** ``` The company'sannualschool productionat the Dylan Thomas Theatre in Swansea to be presentedin the Autumn. The project had an additional week at Theatr Brycheiniog as a result of the successful pilot project in 2022. ``` ## **`Y Fenyw Mewn Du`** ``` The secondproductionfor the ConsortiwmCymraeg.A Welsh translationof the successfulWest End show,which will tour to the partner venues and the Borough Theatre in Abergavenny. ``` ## **`Operation Julie Tour`** ``` Atourofthesuccessfulsummerco-productionwithAberystwythArtsCentre,tellingthestoryofthefamous police operationthattookplacein West Walesin 1975-1977whichmanagedto undercover,at the time,the world's largest LSD manufacturer. This original play with a 70's prog-rock soundtrack will tell the incredible story of Operation Julie. ``` ``` TheproductionwilltourtoAberystwythArtsCentre,TheatrBrycheiniog,TheLyricCarmarthen,PontioBangor and The Riverfront Arts Centre. ``` ``` Futureplansincludeexpansionof the charity'sreachto audiencesfurtherafield,with the schoolsprojecttaking place in Swansea,BreconandNewport.The ConsortiwmCymraegwilldevelopits networkwithan additionalvenue joining in 2024. ``` ## **`Structure, governance and management Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by guarantee, as defined by the Companies Act 2006. ``` ## **`Charity constitution`** ``` TheatrNa N'og is a companylimitedby guaranteeand a registeredcharity.It was establishedin 1984 to promote and advanceartisticeducationandthepublicappreciationofthearts.Theseobjectsaresetoutinits governing instrument which is its Memorandum and Articles of Association. ``` ## **`Recruitment and appointment of new trustees`** ``` UnderthetermsoftheArticlesofAssociation,thereisnomaximumtothenumberofboardmembersbut there shouldbeaminimumoffour.Allmemberswillserveaninitialtermofthreeyears.Atanannualgeneral meeting retiring members can be re-elected for a second term of three years. ``` ``` Vacant positionsare advertisedand a short list are interviewedfor each post. Trustees are then chosen for the specific skills that they will bring to the Board. ``` ``` 5 ``` ``` THEATR NA N'OG (REGISTERED NUMBER: 01856580) ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`** ## **`Structure, governance and management`** ## **`Organisational structure`** ``` Thegoverningbodyistheboardoftrusteeswhosemembersarenon-executiveandunpaid.Theboard meets bi-monthly and covers areas such as artistic development, diversity, membership and finance. ``` ``` Anartisticdirectorisappointedbythetrusteestomanagethedaytodayoperationsofthecharity.To facilitate effectiveoperations,theartisticdirectorhasdelegatedauthority,withintermsofdelegationapprovedby the trustees, for operational matters including finance, employment and artistic performance related activity. ``` ## **`Induction and training of new trustees`** ``` All new trusteesare requiredto attendan inductionand orientationday to brief them on their legal obligations under charityandcompanylaw,thecontentoftheMemorandumandArticlesofAssociation,thecommitteeand decision makingprocesses,the businessplanandrecentfinancialperformanceof the charity.Trusteesare alsoencouraged to attend appropriate external training events where these will facilitate the undertaking of their role. ``` ## **`Key management remuneration`** ``` The trusteesconsiderthattheboardof trusteesandtheartisticdirectorcomprisethekeymanagementpersonnel of the charityin chargeof directing,controlling,runningandoperatingthe charity.The trusteesdelegatethe day to day running of the organisation to the artistic director. All trustees give their time freely and no trustee received remuneration during the year. ``` ``` Thepayofseniorstaffwhoarenottrusteesissetatindustryapprovedlevels,reviewedannuallyand benchmarked againstcomparableorganisationsrun on a voluntarybasis. The remunerationbenchmarkis generallythe mid-point of the range paid for equivalent roles in similar organisations. ``` ## **`Related parties`** ``` The charity has key relationships with the Arts Council of Wales and agrees specific annual targets and objectives. ``` ## **`Partnerships`** ``` TheatrNaN'ogcontinuestocollaboratewithawiderangeofpartnersandfosterspositiveand meaningful relationshipsforthefuture.Thispromotesandpresentsanexcitingcollectionofproductionscateringfor the surrounding community and beyond. ``` ``` This year the company has developed close working relationships with: ``` ``` TheWelfareYstradgynlais,AwenTrust,AberystwythArtsCentre,DylanThomasTheatre,TheatreSoar, Swansea Museum, National Waterfront Museum, National Museum Wales, Swansea University and Technocamps. ``` ``` TheatrNaN'oghasanexcellentrelationshipwithlocalschools.Itsambitiontodeveloprelationshipswith schools nationwideto replicatetheverysuccessfulmodelinSwansea,NeathPortTalbotandBridgendhasbeenrealised and will expand further in 2024. ``` ``` 6 ``` ## **`THEATR NA N'OG (REGISTERED NUMBER: 01856580)`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023`** ## **`Structure, governance and management Risk management`** ``` Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate controlsare in placeto providereasonableassuranceagainstfraudanderror.The trusteesriskmanagement strategy comprises: ``` ``` · an annual review of the risks the charity may face; ``` ``` · the establishment of systems and procedures to mitigate those risks identified in the plan; and ``` ``` · the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. ``` ``` Thisworkhasidentifiednewrisksandhasresultedinbetteremergencyproceduresandcontingencyplansand has giventheimpetusforbetterplanning.Akeyelementinthemanagementoffinancialriskisthesettingofa reserves policy and its regular review by trustees. ``` ## **`Reference and administrative details Registered Company number`** `01856580 (England and Wales)` ## **`Registered Charity number`** ``` 515903 ``` ## **`Registered office`** ``` Unit 3 Milland Road Industrial Estate Neath SA11 1NJ ``` ## **`Trustees`** ``` G J Cripps A C Jones (resigned 17/5/2022) L J Swindell D C Webster J R Williams C P Fitzgerald K Lewis (resigned 13/9/2022) K E Fisher ``` ## **`Company Secretary`** ``` G H Styles ``` ## **`Independent Examiner`** ``` Mark Howells FCCA Carr, Jenkins & Hood Oystermouth House Charter Court Phoenix Way Swansea Enterprise Park Swansea SA7 9FS ``` ``` 7 ``` THEATR NA N'OG (REGISTERED NUMBER: 01856580) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Reference and admlnlstratlve detalls Bankers HSBC Bank plc 3 Windsor Road Neath SAII ILN Thls report has been prepared in accordance with the speclal provisions of Part IS of the Companles Act 2006 relatln6 to small companies. Approved by order of the board of trustees on 10107120 and signed on Its behalf by.. D C Webster- Trustee ``` INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THEATR NA N'OG ``` ## **`Independent examiner's report to the trustees of`** `Theatr Na N'og ('the Company')` ``` I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023. ``` ## **`Responsibilities and basis of report`** ``` As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). ``` ``` Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as carriedoutundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Sincethecompany'sgrossincomeexceeded£250,000yourexaminermustbeamemberofabodylistedin section 145ofthe2011Act.IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberof the Association of Chartered Certified Accountants, which is one of the listed bodies. ``` ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the examination giving me cause to believe that in any material respect:- ``` `1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or` `4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` Mark Howells FCCA ``` ``` Carr, Jenkins & Hood Oystermouth House Charter Court Phoenix Way Swansea Enterprise Park Swansea SA7 9FS ``` 10/07/2023 `Date: .............................................` ``` 1 ``` ## **`THEATR NA N'OG`** ## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023`** |`Unrestricted`
`Restricted`
`fund`
`fund`
`Notes`
`£`
`£`
**`Income and endowments from`**
`Donations and legacies`
`3`
**`334,442`**
**`-`**
**`Charitable activities`**
`5`
`Productions and touring`
**`130,059`**
**`139,826`**
`Investment income`
`4`
**`11,691`**
**`-`**
`Other income`
`6`
**`-`**
**`-`**
**`Total`**
**`476,192`**
**`139,826`**
**`Expenditure on`**
`Raising funds`
`7`
**`41,347`**
**`-`**
**`Charitable activities`**
`8`
`Productions and touring`
**`503,041`**
**`139,826`**
`Taxation`
`11`
**`(101,997)`**
**`-`**
**`Total`**
**`442,391`**
**`139,826`**
**`NET INCOME`**
**`33,801`**
**`-`**
**`Reconciliation of funds`**
`Total funds brought forward`
**`473,597`**
**`-`**
**`Total funds carried forward`**
**`507,398`**
**`-`**|**`2023`**
**`Total`**
**`funds`**
**`£`**
**`334,442`**
**`269,885`**
**`11,691`**
**`-`**
**`616,018`**
**`41,347`**
**`642,867`**
**`(101,997)`**
**`582,217`**
**`33,801`**
**`473,597`**
**`507,398`**|`2022`
`Total`
`funds`
`£`
`320,526`
`119,847`
`10,427`
`3,500`
`454,300`
`48,371`
`449,950`
`(50,783)`
`447,538`
`6,762`
`466,835`
`473,597`| |---|---|---| ``` The notes form part of these financial statements ``` ``` 10 ``` ## **`THEATR NA N'OG (REGISTERED NUMBER: 01856580)`** ## **`BALANCE SHEET 31 MARCH 2023`** |`Unrestricted`
`Restricted`
`fund`
`fund`
`Notes`
`£`
`£`
**`Fixed assets`**
`Tangible assets`
`17`
**`96,891`**
**`-`**
**`Current assets`**
`Debtors`
`18`
**`143,744`**
**`-`**
`Cash at bank and in hand`
**`349,516`**
**`-`**
**`493,260`**
**`-`**
**`Creditors`**
`Amounts falling due within one year`
`19`
**`(55,753)`**
**`-`**
**`Net current assets`**
**`437,507`**
**`-`**
**`Total assets less current liabilities`**
**`534,398`**
**`-`**
**`Accruals and deferred income`**
`21`
**`(27,000)`**
**`-`**
**`NET ASSETS`**
**`507,398`**
**`-`**
**`Funds`**
`22`
`Unrestricted funds`
**`Total funds`**|**`2023`**
**`Total`**
**`funds`**
**`£`**
**`96,891`**
**`143,744`**
**`349,516`**
**`493,260`**
**`(55,753)`**
**`437,507`**
**`534,398`**
**`(27,000)`**
**`507,398`**
**`507,398`**
**`507,398`**|`2022`
`Total`
`funds`
`£`
`100,938`
`101,818`
`347,098`
`448,916`
`(31,257)`
`417,659`
`518,597`
`(45,000)`
`473,597`
`473,597`
`473,597`| |---|---|---| ``` The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year ended 31 March 2023. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. ``` ``` The trustees acknowledge their responsibilities for ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` The notes form part of these financial statements ``` ``` continued... ``` ``` 11 ``` THEATR NA N'OG {REGISTERED NUMBER: 01856580) BALANCE SHEET- continued 31 MARCH 2023 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companles reglme. nancial sta ents were approved by the Board of Trustees and authori5ed for Issue and were signed on its behalf bv.. on G J CTIpp5- Tf ee The notes form part of these financial statements 12 ## **`THEATR NA N'OG`** ## **`CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023`** |`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Finance costs paid`
`Net cash provided by/(used in) operating activities`
**`Cash flows from investing activities`**
`Purchase of tangible fixed assets`
`Interest received`
`Net cash provided by/(used in) investing activities`
**`Change in cash and cash equivalents in the`**
**`reporting period`**
**`Cash and cash equivalents at the beginning`**
**`of the reporting period`**
**`Cash and cash equivalents at the end of`**
**`the reporting period`**|**`2023`**
**`£`**
**`2,347`**
**`(235)`**
**`2,112`**
**`(1,008)`**
**`1,314`**
**`306`**
**`2,418`**
**`347,098`**
**`349,516`**|`2022`
`£`
`(11,955)`
`(163)`
`(12,118)`
`(1,464)`
`50`
`(1,414)`
`(13,532)`
`360,630`
`347,098`| |---|---|---| ``` The notes form part of these financial statements ``` ``` 13 ``` ``` THEATR NA N'OG ``` ## **`NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023`** ## **`1. Reconciliation of net income to net cash flow from operating activities`** |**`Reconciliation of net income to net cash flow from operating activities`**||| |---|---|---| |**`Net income for the reporting period (as per the Statement of financial`**
**`activities)`**
**`Adjustments for:`**
`Depreciation charges`
`Interest received`
`Finance costs`
`Increase in debtors`
`Increase in creditors`
**`Net cash provided by/(used in) operations`**|**`2023`**
**`£`**
**`33,801`**
**`5,055`**
**`(1,314)`**
**`235`**
**`(41,926)`**
**`6,496`**
**`2,347`**|`2022`
`£`
`6,762`
`5,401`
`(50)`
`163`
`(75,135)`
`50,904`| |||`(11,955)`| ## **`2. Analysis of changes in net funds`** ||`At 1.4.22`|`Cash flow`|**`At 31.3.23`**| |---|---|---|---| ||`£`|`£`|**`£`**| |**`Net cash`**|||| |`Cash at bank and in hand`|**`347,098`**|**`2,418`**|**`349,516`**| ||**`347,098`**|**`2,418`**|**`349,516`**| |**`Total`**|**`347,098`**|**`2,418`**|**`349,516`**| ``` The notes form part of these financial statements ``` ``` 14 ``` ``` THEATR NA N'OG ``` ``` NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ``` ## **`1. Statutory information`** ``` TheatrNaN'ogisaprivatecompany,limitedbyguaranteewithoutsharecapital,registeredinEngland and Wales. The registered office address can be found in the report of the trustees. ``` ## **`2. Accounting policies`** ## **`Basis of preparing the financial statements`** ``` The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ``` ``` The charity constitutes a public benefit entity as defined by FRS 102. ``` ## **`Going concern`** ``` The trusteesconsiderthat there are no materialuncertaintiesaboutthe charity'sabilityto continueas a going concern.Thetrusteeshaveassessedwhethertherearesignificantdoubtsaboutthecharity'sability to continueasagoingconcern.Inadifficulttradingenvironmentforcharities,TheatrNaN'oghasalways been reliantonpublicfunding.Thetrusteeswillonlycommittoproductionsiftheyknowthatsuchfunding is available. This policy is underpinned by available reserves. ``` ## **`Income`** ``` All incomeis recognisedin the Statementof FinancialActivitieswhen the charityhas entitlementto the funds, anyperformanceconditionsattachedtotheincomehavebeenmet,itisprobablethattheincomewill be received and the amount can be measured reliably. ``` ``` Donations and voluntary income are accounted for when receivable. ``` ``` Thecharityreceivesgovernmentgrantsinrespectoffurtheringitscharitableobjectives.Income from governmentandothergrantsarerecognisedatfairvaluewhenthecharityhasentitlementafter any performanceconditionshave been met, it is probablethat the incomewill be receivedand the amountcan be measured reliably. If entitlement is not met, then these amounts are deferred. ``` ``` Intereston funds held on depositis includedwhen receivableand the amountcan be measuredreliablyby the charity; this is normally upon notification of the interest paid or payable by the Bank. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement and the amount of the obligation can be measured reliably. ``` ``` Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all costrelatedtothecategory.Wherecostscannotbe directlyattributedtoparticularheadingstheyhave been allocated to activities on a basis consistent with the use of resources. ``` ## **`Allocation and apportionment of costs`** ``` Costsareallocatedbetweendirectcharitableandsupportexpenditureaccordingtothenatureofthe cost. Whereitemsinvolvemorethanonecategorytheyareapportionedbetweenthecategoriesona basis consistent with the use of resources. ``` ``` continued... ``` ``` 15 ``` ``` THEATR NA N'OG ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 ``` ## **`2. Accounting policies - continued`** ## **`Tangible fixed assets`** ``` Tangiblefixedassetsotherthanfreeholdlandarestatedat costless depreciation.Depreciationis provided at rates calculatedto write off the cost less estimatedresidualvalue of each asset over its expectedusefullife, as follows: ``` |`Freehold land is not depreciated`|| |---|---| |`Freehold buildings`|`- 2% on cost`| |`Plant and machinery`|`- 20% on cost`| |`Fixtures, fittings and equipment`|`- 15% on cost`| |`Motor vehicles`|`- 25% on cost`| ## **`Taxation`** ``` As a registeredcharity,TheatrNa N'ogis entitledto exemptionfrom taxationin respectof incomeand capital gainreceivedwithsections478-489oftheCorporationTaxAct2010andsection256oftheTaxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives only. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ## **`Hire purchase and leasing commitments`** ``` Rentalspaidunderoperatingleases are chargedto the Statementof financialactivitieson a straightline basis over the period of the lease. ``` ## **`Pension costs and other post-retirement benefits`** ``` Thecharityoperatesadefinedcontributionpensionscheme.Theassetsoftheschemeareheld separately fromthoseofthecharityinanindependentlyadministeredfund.Contributionspayablefortheyear are chargedin the Statementof FinancialActivityandrepresentthe contributionspayableby the companyto the fund. ``` ## **`Debtors`** ``` Tradeandotherdebtorsarerecognisedatthesettlementamountdueafteranytradediscount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ``` ## **`Cash at bank and in hand`** ``` Cashat bankandcashin handincludescashandshortterm highlyliquidinvestmentswitha shortmaturity of threemonthsorlessfromthedateofacquisitionoropeningofthedepositorsimilaraccountandthat are subject to an insignificant risk to changes in value. ``` ## **`Creditors and provisions`** ``` Creditorsandprovisionsare recognisedwhere the charityhas a presentobligationresultingfrom a past event thatwillprobablyresultinthetransferoffundstoathirdpartyandtheamountduetosettlethe obligation canbemeasuredorestimatedreliably.Creditorsandprovisionsarenormallyrecognisedattheir settlement amount after allowing for any trade discounts due. ``` ``` continued... ``` ``` 16 ``` ``` THEATR NA N'OG ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`2. Accounting policies - continued`** ## **`Financial instruments`** ``` The charityonlyhas financialassets and financialliabilitiesof a kindthat qualifyas basic financial instruments. Basicfinancialinstrumentsareinitiallyrecognisedattransactionvalueandsubsequentlymeasuredat their settlement value. ``` ## **`3. Donations and legacies`** |`Donations`
`Grants`
`Grants received, included in the above, are as follows:`
`Arts Council of Wales`
`Arts Council of Wales Cost of Living`
**`Investment income`**
`Rental income`
`Interest receivable`
`Corporation Tax interest`|**`2023`**
**`£`**
**`24`**
**`334,418`**
**`334,442`**
**`2023`**
**`£`**
**`324,363`**
**`10,055`**
**`334,418`**
**`2023`**
**`£`**
**`10,377`**
**`1,258`**
**`56`**
**`11,691`**|`2022`
`£`
`957`
`319,569`|`2022`
`£`
`957`
`319,569`| |---|---|---|---| |||`320,526`|| |||`2022`
`£`
`319,569`
`-`|| |||`319,569`|| ||||`2022`
`£`
`10,377`
`50`
`-`| ||||`10,427`| ## **`4. Investment income`** ``` continued... ``` ``` 17 ``` ## **`THEATR NA N'OG`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`5. Income from charitable activities`** |**`2023`**
`Productions`
`and`
`touring`
**`£`**
`Box office and performance income`
**`160,411`**
`Consultancy and other fees`
**`2,437`**
`Sundry sales`
**`4,410`**
`Grants`
**`102,484`**
`Royalties received`
**`143`**
**`269,885`**|`2022`
`Total`
`activities`
`£`
**`83,562`**
**`854`**
**`60`**
**`35,371`**
**`-`**
**`119,847`**| |---|---| ``` Incomefromcharitableactivitieswas£269,885(2022;£119,847)ofwhich£139,826(2022;£37,871) was attributable to restricted funds and £130,059 (2022; £81,976) was attributable to unrestricted funds. ``` ``` Grants received, included in the above, are as follows: ``` |`Arts Council of Wales`
`Oakdale Trust`
`Arts & Business Cymru`
`Colwinston Trust`
`The British Council`
`International Links (Global) Ltd`
`Urdd Gobaith Cymru`
`Gwendoline and Margaret Davies Charity`
**`6.`**
**`Other income`**
`Arts & Business Cymru Award`
`Millennium Stadium Charitable Trust`|**`2023`**
**`£`**
**`100,000`**
**`-`**
**`-`**
**`-`**
**`-`**
**`2,454`**
**`30`**
**`-`**
**`102,484`**
**`2023`**
**`£`**
**`-`**
**`-`**
**`-`**|`2022`
`£`
`5,000`
`2,000`
`3,750`
`10,000`
`6,500`
`2,457`
`664`
`5,000`|`2022`
`£`
`5,000`
`2,000`
`3,750`
`10,000`
`6,500`
`2,457`
`664`
`5,000`| |---|---|---|---| |||`35,371`|| |||`2022`
`£`
`1,000`
`2,500`
`3,500`|| ||||`3,500`| ``` continued... ``` ``` 18 ``` ## **`THEATR NA N'OG`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`7. Raising funds`** ## **`Raising donations and legacies`** ||**`Raising donations and legacies`**|||| |---|---|---|---|---| ||||**`2023`**|`2022`| ||||**`£`**|`£`| ||`Staff costs`||**`33,924`**|`35,283`| ||`Publicity and advertising`||**`7,423`**|`13,088`| ||||**`41,347`**|`48,371`| |**`8.`**|**`Charitable activities costs`**|||| |||`Direct`|`Support`|| |||`Costs (see`|`costs (see`|| |||`note 9)`|`note 10)`|`Totals`| |||`£`|`£`|`£`| ||`Productions and touring`|**`506,757`**|**`136,110`**|**`642,867`**| ``` £139,826(2022;£37,871)of theabovecostswere attributableto restrictedfunds,£503,041(2022; £412,079) of the above costs were attributable to unrestricted funds. ``` ## **`9. Direct costs of charitable activities`** |**`9.`**
**`Direct costs of charitable activities`**|| |---|---| |**`2023`**
**`£`**
`Staff costs`
**`61,170`**
`Production costs`
**`438,012`**
`Motor running expenses`
**`2,989`**
`Subsistence and touring expenses`
**`2,357`**
`App development and hosting`
**`2,229`**
**`506,757`**
**`10.`**
**`Support costs`**
`Production`
`Governance`
`Management`
`costs`
`£`
`£`
`Productions and touring`
**`57,609`**
**`78,501`**|`2022`
`£`
`29,375`
`235,311`
`2,368`
`376`
`2,223`| ||`269,653`| ||`Totals`
`£`
**`136,110`**| ``` continued... ``` ``` 19 ``` ## **`THEATR NA N'OG`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`10. Support costs - continued`** ``` Support costs, included in the above, are as follows: ``` ## **`Production management`** |**`Production management`**||| |---|---|---| ||**`2023`**|`2022`| ||`Productions`|| ||`and`|`Total`| ||`touring`|`activities`| ||**`£`**|`£`| |`Wages`|**`36,536`**|**`52,810`**| |`Social security`|**`1,263`**|**`1,457`**| |`Pensions`|**`1,109`**|**`1,272`**| |`Other operating leases`|**`270`**|**`181`**| |`Water rates`|**`73`**|**`57`**| |`Insurance`|**`3,452`**|**`2,808`**| |`Light and heat`|**`1,238`**|**`901`**| |`Telephone`|**`725`**|**`750`**| |`Postage and stationery`|**`798`**|**`969`**| |`Repairs and renewals`|**`5,369`**|**`15,818`**| |`Cleaning`|**`1,322`**|**`1,931`**| |`Affiliation fees`|**`2,358`**|**`2,078`**| |`Legal and professional fees`|**`1,200`**|**`-`**| |`Depreciation of tangible and heritage assets`|**`1,896`**|**`2,000`**| ||**`57,609`**|**`83,032`**| |**`Governance costs`**||| ||**`2023`**|`2022`| ||`Productions`|| ||`and`|`Total`| ||`touring`|`activities`| ||**`£`**|`£`| |`Wages`|**`30,481`**|**`28,773`**| |`Social security`|**`1,798`**|**`1,810`**| |`Pensions`|**`1,524`**|**`1,364`**| |`Independent examiners remuneration`|**`5,225`**|**`4,990`**| |`Independent examiners remuneration for`||| |`other work`|**`6,400`**|**`6,310`**| |`Other operating leases`|**`631`**|**`423`**| |`Water rates`|**`110`**|**`85`**| |`Insurance`|**`8,054`**|**`6,553`**| |`Light and heat`|**`1,856`**|**`1,351`**| |`Telephone`|**`1,691`**|**`1,749`**| |`Postage and stationery`|**`1,861`**|**`2,262`**| |`Sundry expenses`|**`3,130`**|**`3,389`**| |`Repairs and renewals`|**`8,054`**|**`23,726`**| |`Cleaning`|**`1,983`**|**`2,897`**| |`Staff training`|**`2,309`**|**`2,896`**| |`Carried forward`|**`75,107`**|**`88,578`**| ``` continued... ``` ``` 20 ``` ``` THEATR NA N'OG ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`10. Support costs - continued`** ## **`Governance costs - continued`** |**`2023`**
`Productions`
`and`
`touring`
**`£`**
`Brought forward`
**`75,107`**
`Legal and professional fees`
**`-`**
`Depreciation of tangible fixed assets`
**`3,159`**
`Bank charges`
**`235`**
`Interest on late PAYE`
**`-`**
**`78,501`**
**`11.`**
**`Taxation`**
**`2023`**
**`£`**
`Theatre tax relief`
**`(101,997)`**
`Children's tv programming tax credit`
**`-`**
**`(101,997)`**|`2022`
`Total`
`activities`
`£`
**`88,578`**
**`5,123`**
**`3,401`**
**`161`**
**`2`**
**`97,265`**
`2022`
`£`
`(43,226)`
`(7,557)`
`(50,783)`| |---|---| ||| ``` TheatrNa N'og,as a registeredcharity,is entitledto exemptionfrom taxationin respectof incomeand capital gainsreceivedwithinsections478-489oftheCorporationTaxAct2010andsection256oftheTaxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives only. ``` ``` The charity does however qualify for Theatre Tax Relief in respect of certain expenditure it incurs on its theatrical productions, resulting in the tax credits included in the accounts as above. ``` ``` ThecharitywasalsoeligibletoclaimtheChildren'sTVProgrammingTaxReliefinrespectof certain expenditureitincurredonprogrammesproducedintheyearended31March2021.Provisionofthis credit was made in the year ended 31 March 2022. ``` ## **`12. Net income/(expenditure)`** ``` Net income/(expenditure) is stated after charging/(crediting): ``` ||**`2023`**|`2022`| |---|---|---| ||**`£`**|`£`| |`Examination of the financial statements`|**`5,225`**|`4,990`| |`Other services`|**`6,400`**|`6,310`| |`Depreciation - owned assets`|**`5,055`**|`5,401`| |`Other operating leases`|**`901`**|`604`| ``` continued... ``` ``` 21 ``` ``` THEATR NA N'OG ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`13. Trustees' remuneration and benefits`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2023norforthe year ended 31 March 2022. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31March2023norfortheyear ended 31 March 2022. ``` ## **`14. Staff costs`** |`Wages and salaries`
`Social security costs`
`Other pension costs`
`The average monthly number of employees during the year was as follows:`
`Productions and touring`
`Administration and management`||**`2023`**
**`£`**
**`156,319`**
**`6,133`**
**`5,353`**
**`167,805`**
**`2023`**
**`1`**
**`2`**
**`3`**||`2022`
`£`
`141,799`
`5,574`
`4,771`| |---|---|---|---|---| |||||`152,144`| |||||`2022`
`1`
`2`
`3`| ``` No employees received emoluments in excess of £60,000. ``` ``` The total employee benefits of the key management personnel of the charity were £48,300 (2022; £41,453). ``` ## **`15. Comparatives for the statement of financial activities`** |`Unrestricted`
`Restricted`
`fund`
`fund`
`£`
`£`
**`Income and endowments from`**
`Donations and legacies`
`320,526`
`-`
**`Charitable activities`**
`Productions and touring`
`84,476`
`35,371`
`Investment income`
`10,427`
`-`
`Other income`
`1,000`
`2,500`
**`Total`**
`416,429`
`37,871`
**`Expenditure on`**
`Raising funds`
`48,371`
`-`|`Total`
`funds`
`£`
`320,526`
`119,847`
`10,427`
`3,500`| |---|---| ||`454,300`| ||`48,371`| ``` continued... ``` ``` 22 ``` ## **`THEATR NA N'OG`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** |**`15.`**
**`Comparatives for the statement of financial activities - continued`**
`Unrestricted`
`fund`
`£`
**`Charitable activities`**
`Productions and touring`
`412,079`
`Taxation`
`(50,783)`
**`Total`**
`409,667`
**`NET INCOME`**
`6,762`
**`Reconciliation of funds`**
`Total funds brought forward`
`466,835`
**`Total funds carried forward`**
`473,597`
**`16.`**
**`Independent examiners remuneration`**
`Examination of the financial statements`
`Other services`|**`15.`**
**`Comparatives for the statement of financial activities - continued`**
`Unrestricted`
`fund`
`£`
**`Charitable activities`**
`Productions and touring`
`412,079`
`Taxation`
`(50,783)`
**`Total`**
`409,667`
**`NET INCOME`**
`6,762`
**`Reconciliation of funds`**
`Total funds brought forward`
`466,835`
**`Total funds carried forward`**
`473,597`
**`16.`**
**`Independent examiners remuneration`**
`Examination of the financial statements`
`Other services`|`Restricted`
`fund`
`£`
`37,871`
`-`
`37,871`
`-`
`-`
`-`|`Restricted`
`fund`
`£`
`37,871`
`-`
`37,871`
`-`
`-`
`-`|`Total`
`funds`
`£`
`449,950`
`(50,783)`
`447,538`
`6,762`
`466,835`
`473,597`| |---|---|---|---|---| ||||`2023`|`2022`| ||||`£`|`£`| ||||`5,225`|`4,990`| ||||`6,400`|`6,310`| |||||| |||||| ||||`11,625`|`11,300`| |||||| ``` continued... ``` ``` 23 ``` ## **`THEATR NA N'OG`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`17. Tangible fixed assets`** |**`Cost`**
`At 1 April 2022`
`Additions`
`At 31 March 2023`
**`Depreciation`**
`At 1 April 2022`
`Charge for year`
`At 31 March 2023`
**`Net book value`**
`At 31 March 2023`
`At 31 March 2022`|`Freehold`
`Plant and`
`property`
`machinery`
`£`
`£`
**`189,611`**
**`89,302`**
**`-`**
**`1,008`**
**`189,611`**
**`90,310`**
**`91,156`**
**`87,948`**
**`3,794`**
**`1,000`**
**`94,950`**
**`88,948`**
**`94,661`**
**`1,362`**
`98,455`
`1,354`|`Fixtures`
`and`
`fittings`
`£`
**`48,717`**
**`-`**
**`48,717`**
**`47,588`**
**`261`**
**`47,849`**
**`868`**
`1,129`|`Motor`
`vehicles`
`£`
**`26,735`**
**`-`**
**`26,735`**
**`26,735`**
**`-`**
**`26,735`**
**`-`**
`-`|`Totals`
`£`
**`354,365`**
**`1,008`**| |---|---|---|---|---| |||||**`355,373`**| |||||**`253,427`**
**`5,055`**| |||||**`258,482`**| |||||**`96,891`**| |||||`100,938`| ``` A legal charge held by the Arts Council of Wales in relation to the freehold property expires 5 November 2027. ``` ## **`18. Debtors: amounts falling due within one year`** |`Trade debtors`
`Corporation tax recoverable`
`VAT`
`Prepayments`|**`2023`**
**`£`**
**`24,502`**
**`101,997`**
**`-`**
**`17,245`**
**`143,744`**|`2022`
`£`
`26,814`
`73,139`
`917`
`948`| |---|---|---| |||`101,818`| ``` continued... ``` ``` 24 ``` ## **`THEATR NA N'OG`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`19. Creditors: amounts falling due within one year`** |**`Creditors: amounts falling due within one year`**||| |---|---|---| |`Trade creditors`
`Social security and other taxes`
`VAT`
`Other creditors`
`Accrued expenses`|**`2023`**
**`£`**
**`1,315`**
**`3,022`**
**`506`**
**`2,500`**
**`48,410`**
**`55,753`**|`2022`
`£`
`11,301`
`2,122`
`-`
`2,481`
`15,353`| |||`31,257`| ## **`20. Leasing agreements`** ``` Minimum lease payments under non-cancellable operating leases fall due as follows: ``` |`Within one year`
`Between one and five years`
**`21.`**
**`Accruals and deferred income`**
`Deferred government grants`
`At 1 April`
`Additions during the year`
`Amounts released to income`
`At 31 March`||**`2023`**
**`£`**
**`660`**
**`2,255`**
**`2,915`**
**`2023`**
**`£`**
**`27,000`**||`2022`
`£`
`720`
`-`
`720`
`2022`
`£`
`45,000`| |---|---|---|---|---| |||`2023`||`2022`| |||`£`||`£`| |||`45,000`||`5,000`| |||`27,000`||`45,000`| |||`(45,000)`||`(5,000)`| |||||| |||||| |||`27,000`||`45,000`| |||||| ``` IncomedeferrediswhollyrelatedtotheproductionJustJumpthatisscheduledtobecompleted May/June 2023 as requested by Arts and Business Cymru, Cardiff Harbour Authority and Associated British Ports. ``` ``` continued... ``` ``` 25 ``` ``` THEATR NA N'OG ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`22. Movement in funds`** |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At`
`At 1.4.22`
`in funds`
`31.3.23`
`£`
`£`
`£`
**`473,597`**
**`33,801`**
**`507,398`**
**`473,597`**
**`33,801`**
**`507,398`**
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
**`476,192`**
**`(442,391)`**
**`33,801`**
**`139,826`**
**`(139,826)`**
**`-`**
**`616,018`**
**`(582,217)`**
**`33,801`**
`Net`
`movement`
`At`
`At 1.4.21`
`in funds`
`31.3.22`
`£`
`£`
`£`
`466,835`
`6,762`
`473,597`
`466,835`
`6,762`
`473,597`| |---|---| ``` continued... ``` ``` 26 ``` ## **`THEATR NA N'OG`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023`** ## **`22. Movement in funds - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`416,429`
`(409,667)`
`6,762`
`37,871`
`(37,871)`
`-`
`454,300`
`(447,538)`
`6,762`| |---|---| ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.4.21`
`in funds`
`£`
`£`
`466,835`
`40,563`
`466,835`
`40,563`|`At`
`31.3.23`
`£`
`507,398`| |---|---|---| |||`507,398`| ``` A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above are as follows: ``` ||`Incoming`|`Resources`|`Movement`| |---|---|---|---| ||`resources`|`expended`|`in funds`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|`892,621`|`(852,058)`|`40,563`| |**`Restricted funds`**|||| |`Restricted`|`177,697`|`(177,697)`|`-`| |**`TOTAL FUNDS`**|`1,070,318`|`(1,029,755)`|`40,563`| ``` continued... ``` ``` 27 ``` ``` THEATR NA N'OG ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 ``` ## **`23. Employee benefit obligations`** ``` Thecharityoperatesadefinedcontributionpensionscheme.Theassetsoftheschemeareheld separately fromthoseofthecharityinindependentlyadministeredfunds.Thepensioncostscharge represents contributions payable by the charity to those funds and amounted to £5,354 (2022; £4,771). ``` ## **`24. Related party disclosures`** ## **`EFGHEL Limited`** ``` A companywhollyowned by Eric Styles who is the husbandof Geinor Styles, companysecretaryand employee of the charity. ``` ``` During the year EFGHEL Limited provided the following services to the charity: ``` ||`2023`|`2022`| |---|---|---| ||`£`|`£`| |`Reimbursement of iphone use`|`660`|`600`| |`Computer support`|`1,275`|`525`| |`Reimbursed computer supplies`|`-`|`351`| |||| ||`1,935`|`1,476`| |||| ``` The balance outstanding at the balance sheet date was £nil (2022; £810). ``` ## **`25. Limited by guarantee`** ``` The charityis constitutedas a companylimitedby guaranteeanddoes not have a sharecapital.Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. ``` ``` 28 ```